One World Products (One World Products) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is One World Products Long-Term Capital Lease Obligation?

One World Products's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

One World Products's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.34 Mil) but then declined from Dec. 2022 ($0.34 Mil) to Dec. 2023 ($0.00 Mil).

One World Products Long-Term Capital Lease Obligation Historical Data

The historical data trend for One World Products's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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One World Products Long-Term Capital Lease Obligation Chart

One World Products Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.45

0.16

0.34

One World Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	0.32	-	-	-

One World Products (OTCPK:OWPC) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

One World Products Long-Term Capital Lease Obligation Related Terms

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One World Products (One World Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » One World Products Inc (OTCPK:OWPC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6605 Grand Montecito Parkway, Suite 100, Las Vegas, NV, USA, 89118

Website

https://oneworldproducts.com

One World Products Inc along with its subsidiaries is engaged in the cultivation, production, and distribution of raw cannabis and hemp plant ingredients for both medical and industrial uses. It focuses on cultivating, processing, and supplying cannabis oil, distillate, and isolate to customer's specifications.

Executives

Sommer Joerg Herman Walter	officer: President	RHEINSTR. 50, BONN 2M 53179
Terry Lynn Buffalo	director	3063 BRIGHTON BLVD, #918, DENVER CO 80216
Timothy Woods	officer: Chief Financial Officer	8191 QUINN TERRACE, VIENNA VA 22180
Vahe Gabriel	officer: CFO and COO	808 BRICKELL KEY DRIVE, APT. # 1106, MIAMI FL 33131
Isiah Iii Thomas	director, officer: CEO and Vice Chairman	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Bruce I Raben	director	430 VICTORIA TERRACE, RIDGEFIELD NJ 7657
Craig Ellins	director, officer: CEO and CFO	3035 EAST PATRICK LANE, SUITE 9, LAS VEGAS NV 89120
Lei Wang	director, 10 percent owner, officer: CEO & CFO	2609 MONTE CRESTA DRIVE, BELMONT CA 94002